Pitney Bowes (NYSE:PBI) Downgraded to “Buy” Rating by StockNews.com

03 Apr 2025, 02:24 by Doug Wharley · The Cerbat Gem

StockNews.com lowered shares of Pitney Bowes (NYSE:PBI – Free Report) from a strong-buy rating to a buy rating in a report released on Monday morning.

Pitney Bowes Stock Up 1.3 %

PBI stock opened at $9.16 on Monday. Pitney Bowes has a twelve month low of $3.90 and a twelve month high of $11.01. The company has a market cap of $1.67 billion, a P/E ratio of -8.18, a PEG ratio of 0.59 and a beta of 2.02. The business has a fifty day moving average of $9.56 and a 200-day moving average of $8.13.

Pitney Bowes (NYSE:PBI – Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.16. Pitney Bowes had a negative return on equity of 20.95% and a negative net margin of 7.71%. As a group, equities research analysts anticipate that Pitney Bowes will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 21st were given a dividend of $0.06 per share. This is a boost from Pitney Bowes’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.24 annualized dividend and a dividend yield of 2.62%. Pitney Bowes’s payout ratio is presently -21.43%.

Insider Activity at Pitney Bowes

In other Pitney Bowes news, EVP James Arthur Fairweather sold 130,000 shares of Pitney Bowes stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $10.83, for a total transaction of $1,407,900.00. Following the transaction, the executive vice president now directly owns 176,145 shares in the company, valued at approximately $1,907,650.35. The trade was a 42.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kurt James Wolf sold 1,250,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $9.66, for a total value of $12,075,000.00. Following the completion of the sale, the director now owns 622,250 shares of the company’s stock, valued at $6,010,935. This trade represents a 66.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,974,484 shares of company stock worth $19,815,631. 14.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Pitney Bowes

Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in Pitney Bowes in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC increased its holdings in Pitney Bowes by 130.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company’s stock worth $37,000 after purchasing an additional 2,873 shares in the last quarter. Quarry LP raised its stake in shares of Pitney Bowes by 889.2% in the 3rd quarter. Quarry LP now owns 8,319 shares of the technology company’s stock valued at $59,000 after purchasing an additional 7,478 shares during the period. Xponance Inc. boosted its position in shares of Pitney Bowes by 36.7% during the fourth quarter. Xponance Inc. now owns 14,283 shares of the technology company’s stock worth $103,000 after buying an additional 3,837 shares during the period. Finally, PharVision Advisers LLC bought a new position in shares of Pitney Bowes during the fourth quarter worth about $107,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Pitney Bowes Company Profile

(Get Free Report)